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Follow on Google News | India for a Smarter Region Leading to a Smarter Planet Triggered Through Global CoalitionMembers of the Confederation of Indian Industry and GCEL met in Mumbai to consider how Indian business can best take advantage of the HumaWealth program.
By: Husam N Maraqa Dr. Sarita Nagpal, CII Deputy Director General delivered introductory remarks at the HumaWealth Genesis Awareness Event held in Mumbai introducing to India’s public and private sectors: “A New Era of 21st Century Trade Efficiency”. CII and GCEL invited leading financial, insurance and technology institutions to learn more about the innovative HumaWealth Program that will deploy bold Soft Infrastructure in India and around the world, delivering the tools and the road map required to connect the strengths of India’s SMEs creating well-being across India, the region and the world. “The physical infrastructure to connect economies is important but costly, takes a long time, and must be justified and prioritized. Therefore, in today’s technology era, Soft-Infrastructure will boost the efficiency of the present physical infrastructure and rapidly connect the strengths of India’s SMEs within the country and with the world”, said Capt. Samuel Salloum, GCEL Co-Chairman. Furthermore he added: “By maximizing on rapid deployment of the Soft-Infrastructure, this will help to generate more trade volume to justify, prioritize and attract new physical infrastructure investments ensuring future prosperity of our businesses and communities” The Soft-Infrastructure includes open source information technology that minimizes standardization requirements allowing integration of in house vertical systems in a non-intrusive manner. The most trust technology network in the world will deploy the Soft-Infrastructure. The resulting point to world integration will lead to a new era of dynamic real time data visibility delivering new system features not previously available, all at no cost to the end user. The deployment will be led by a public/private partnership demonstrating the benefits of increased trade efficiency and security through 4 initial trade lanes in Asia, Europe, the Americas and Middle East /Africa over an 18 month period with global coverage in 30 months. Mr. Bala Irulandy, Business Unit Head of HCL Technologies’ “GCEL gives India powerful new tools to make our businesses more profitable and improve efficiency while connecting them with growth markets around the world,” Dr. Sarita added. Dr. Mark Drabenstott, GCEL Secretary General and Co-Chair of the OECD Territorial Development Policy Committee, emphasized that GCEL held its event in Mumbai because “we are committed to providing equal opportunity for all capable financial, insurance and technology firms to be part of this initiative. We are presenting this opportunity here in Asia today just as we have in Jakarta and in other parts of the world.” As part of GCEL’s commitment to equal opportunity, similar Awareness Events are planned to be held in Malaysia, Singapore, Thailand, Lebanon, Tunisia, Brazil, Italy and the United States. In each case, the goal is to present the global benefits of GCEL to the public and the opportunity for their top banking, insurance, and technology organizations to benefit greatly by being part of this initiative. Dr. Drabenstott stated that a trusted network of leading finance, insurance and technology firms would deliver the benefits from the HumaWealth Program. These firms will be selected from all four regions of the world through a transparent, equal opportunity process to be presented this fall at GCEL’s HumaWealth Genesis event planned to be held at the Palais des Nations in Geneva. “Assembling this global network of trusted world-class companies, all working together, will drive global adoption thereby achieving a 21st century era of efficiency. We are pleased that leading companies from all over the world have committed to participate in Geneva.” The GCEL’s HumaWealth Program will assist in re-energizing the global economy through a 30% reduction in the cost of trade, leading to global savings of nearly $700 billion annually, with $194 billion for Asia alone. Mr. K.V. Mahidhar, head of CII’s Institute of Logistics, said “GCEL’s excellent global initiative will provide a push to India’s goal of moving into the top ten globally in logistics efficiency.” Last year, GCEL’s initiative was highly received at the Union of Arab Bank’s (UAB) Annual Meeting in Dubai. The UAB’s members include more than 300 Arab financial and banking institutions representing the major Arab banks. The Indonesian Chamber of Commerce and Industry (KADIN) also co-convened a HumaWealth Awareness Event in April this year in Jakarta with Indonesia’s Central Bank Deputy governor offering the keynote address. This event followed an MOU signed between KADIN and GCEL for the deployment of an Asia region Benchmark Trade Lane from Indonesia. More information on GCEL can be found at www.gcel.net or contact: info@gcel.net Contact : GCEL, GCEL Americas - 120W 12th Street Suite, 1600 Kansas City, GCEL ASIA- Level 45, Tower2, 0012485290390, info@gcel.net, http://www.gcel.net Contact: Husam N Maraqa Global Coalition for Efficient Logistics (GCEL) Jakarta, Indonesia 0012485290390 info@gcel.net http://www.gcel.net/ End
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